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All Blog Posts Tagged 'e-commerce' (5)

Machine learning: A solution to backorder problem and inventory optimisation

For any business, the worst scenario is getting out of product inventory when customers are ready to buy your product. Keeping a stock of every item in the store is another burden to carry for every business. This trade off has been even more problematic in current times, when manufacturing firms are flooding with SKUs (Stock Keeping Unit) ranging from product sizes, flavours, styles etc. To cater personalised demand companies are customising…

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Added by PS Dhillon on August 30, 2018 at 3:35am — No Comments

Use cases of Machine Learning for E-commerce enterprises

Machine learning is one of the most searched keyword on any search engine at this point of time. The reason is quite clear; the benefits of utilising it in any industry is beyond imagination. Machine learning is making computers learn from data to find patterns & generate business insights. In e-commerce, machine learning is even far more relevant because of digitally generated user-specific data points. Daily, we read so much about big companies using machine learning in their business…

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Added by PS Dhillon on July 4, 2018 at 5:00am — No Comments

How Artificial Intelligence Has Influenced E-Commerce – The Retailer’s Story

Artificial Intelligence

Never before have customers been more in control of the retail trade than today. But are they really? Or has the retailer wrested control of the exchange? Let’s revisit this in the light of new technologies and sensors deployed in this “game”.

In the sixties through the eighties, the Sears, Walmart and K-mart kind of super stores aggregated purchase information to decide what to buy and stock their shelves. Improving…

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Added by Hemant Warudkar on May 14, 2018 at 7:00pm — No Comments

How to improve your online KPIs – Part 1. Know your Demand

As a follow-up to my previous post "Using Machine Learning to predict Customer Behaviour", I wanted to address a similar topic but from an e-commerce perspective. How to you predict the behaviour of your visitors in your online store? and more importantly, how do you leverage this knowledge in order to optimize your traffic, conversion, profit, or whatever KPI…

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Added by Alex Marandon on April 19, 2016 at 11:40pm — No Comments

Big data is big business!

What on earth makes the world go round?

  • Is Big Data the next President of the United States of America?
  • Can small people create Big Data?

Well, your guess is not far from the truth! Gone are the days when big machines were the gizmo for nerds and geeks! Today, there is a revolutionary paradigm shift in favor of small machines with capacity for big data!

Businesses are going online at a rate never imagined before in the entire history of the…

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Added by Christopher Alvin Mokaya on April 15, 2015 at 10:00pm — No Comments

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